Balfour Beatty Share Discussion Threads

[lord gnome] 29/3/2014 19:03

I think someone at Jeffries has been on the wacky baccy. They have put out a similarly bullish target for CLLN.

[miata] 28/3/2014 17:36

28 Mar 2014 Balfour Beatty PLC BBY Jefferies International Buy 299.05 286.20 - 406.00 Initiates/Starts

[deadly] 28/3/2014 17:16

up 5% today - why?

[ptgint] 06/3/2014 16:02

I've sold my holding this afternoon. Like you Haywards I can see liile postive looking forward and the poor dividend cover makes me doubly nervous for the future.

[haywards26] 06/3/2014 09:04

Another poor set of results from BBY. Not unexpected, but there seems little positive even in the forward guidance. I have sold about 60% of remaining holding this morning.

[skinny] 06/3/2014 07:11

Operational Summary
· Challenging economic conditions and operational issues in UK construction, and a significant downturn in the Australian natural resources sector led to a disappointing financial performance
· Firm actions taken to improve the operational delivery in UK construction and restructure Australian Professional Services
· Strong performance in Infrastructure Investments with further investment into growth sectors
· Continue to expect a positive settlement in the longstanding contract dispute in Professional Services but outcome now expected in 2014
· Performance elsewhere across the Group's continuing operations was as expected
· Progress on major strategic actions, including disposals of the UK facilities management business and Mainland European rail operations in Spain and Scandinavia
· Actions taken in 2013 to re-focus the business leave the Group better positioned for 2014 and the challenges ahead
Financial Summary
· Underlying pre-tax profits of £187 million (2012: £277 million) and underlying EPS of 20.0 pence (2012: 31.7 pence)
· Strong US construction order intake offset with increased US construction revenue leaving a stable order book at £13.4 billion (2012: £13.5 billion)
· Directors' valuation of the PPP portfolio increased to £766 million (2012: £734 million), after generating disposal gains of £82 million
· Balance sheet remains strong with new long-term funding sources secured from US private placement and convertible bond issue
· Full-year dividend maintained at 14.1 pence per ordinary share

[haywards26] 06/2/2014 20:58

I will sell more at 320 and 350 levels also, unless the news released tells me that the fundamentals here are improving. Until then I am happy to receive the divi. My avg is around 218 (edited) having held for several years. I have not done too badly here. I am a value investor and for material share price increases I like to see similar increases as mentioned in the company's fundamentals.

I am glad I did sell a third of my holding a few weeks back at just over £3, take a look at the QPP share price in that time :)

I have done very well out of buying the construction companies during the financial crises eg BBY, IRV and CLLN.

[compound_dave] 06/2/2014 18:07

Haywards26 - you are only saying that because you sold a third of your holding. It's called confirmation bias.

[haywards26] 06/2/2014 16:45

We will not see here £4 for many months/years. The 2013 full year results will ensure that I would say. None of the recent news releases gives any confidence of such positive improvement in profitability or order book sadly.

[alter ego] 06/2/2014 13:25

didn't you mean tailwind?

[compound_dave] 06/2/2014 13:24

We've a headwind now folks;

1. Economy turning a corner, construction always picks up.
2. Loads of UK structural damage = work required.
3. Plenty of steady contract wins outside of the UK.
4. Technical analysis pointing in the right direction.

Get ready for the break-out. Once we pass £3 this is going swiftly to £4.

[haywards26] 06/2/2014 13:19

The share price does not want to break the 300 mark. I would like to sell part of my holding at 320. But not looking likely currently.

[alter ego] 06/2/2014 12:20

However, it said the recovery in the sector was broad based, with commercial building work and civil engineering activity both rising at their fastest pace for six and a half years.

www.bbc.co.uk/news/business-26030086

an alternative explanation for BBY's share price rise

[alter ego] 06/2/2014 11:54

There is a lot of damage being caused by the weather which will need putting right as well as improvements to prevent a recurrence. Even if BBY are not directly awarded one piece of repair work, someone else will be and this will remove spare capacity and assist in enabling better margins for everyone.

[praipus] 06/2/2014 10:24

Much more serious than I thought....

[praipus] 06/2/2014 10:20

Lol I think Fenel is thinking more business:-) The high seas and winter storms causing serious infrastucture damage i.e. railway track at Dawlish in Devon. Dawlish a beautiful place to visit in the summer.

I prefer your explanation Skyship:-)

[skyship] 06/2/2014 10:11

Dawlish?....elaborate please....a US prospective bidder perhaps...

[skyship] 05/2/2014 14:52

Hmm - thanks for that; but I wouldn't have thought an RBC upgrade merited what is now a 5.4% gain at 299p!

[libertine] 05/2/2014 13:02

05 Feb 2014 Balfour Beatty PLC BBY RBC Capital Markets Outperform 297.30 283.90 210.00 310.00 Upgrades

[skyship] 05/2/2014 13:00

An interesting move today - UP 4.5% @ 297p - is BBY being eyed up by the yanks perhaps!#~?

[darias] 31/1/2014 13:44

Added today

[mechanical trader] 15/1/2014 04:30

Breakout confirmed. NICE.

[mechanical trader] 14/1/2014 14:50

Rising again, cant keep a good
one down.

Been a bit of profit taking, not suprised
after the good run from 260p.

Next level of resistance to take out 299p/300p.

Itl have another go and smash it away.

Just added.